PSG Asset Management fund manager Dirk Jooste: Choosing the right balanced fund is key

Dirk Jooste, a fund manager at PSG Asset Management, says choosing a balanced fund with an appropriate management approach is crucial to long-term retirement savings outcomes. Markets are experiencing the end of the era of cheap money, global bonds can no longer automatically serve as a diversifier for equity portfolios, and technology’s share of the MSCI ACWI has risen from about 10% to roughly one-third, while energy and materials have fallen from about 20% to around 8%.